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1. Which agency regulates real estate licensing in Arizona?
a) Arizona Department of Commerce
b) Arizona Real Estate Department
c) Arizona Attorney General
d) Arizona Department of Revenue
Answer: b
Rationale: The Arizona Real Estate Department (ADRE) is the state agency responsible for
licensing and regulating real estate professionals.
2. How long is an Arizona real estate salesperson license valid?
a) 1 year
b) 2 years
c) 3 years
d) 4 years
Answer: b
Rationale: Arizona real estate licenses are issued for a two-year period and must be
renewed before expiration.
3. What is the minimum age to obtain an Arizona real estate salesperson license?
a) 18
b) 19
c) 20
d) 21
Answer: a
Rationale: Arizona law requires applicants to be at least 18 years old.
4. How many hours of pre-licensing education are required for Arizona salespersons?
a) 60 hours
, b) 72 hours
c) 90 hours
d) 120 hours
Answer: c
Rationale: Arizona requires 90 hours of approved pre-licensing education for salesperson
applicants.
5. What must a salesperson do after passing the exam to activate their license?
a) Pay MLS dues
b) Join a REALTOR® association
c) Affiliate with a designated broker
d) Purchase errors and omissions insurance
Answer: c
Rationale: A license is inactive until the salesperson affiliates with a designated broker.
6. How many hours of continuing education are required for renewal?
a) 16 hours
b) 24 hours
c) 30 hours
d) 40 hours
Answer: c
Rationale: Arizona requires 30 hours of continuing education every two years.
7. Which is a mandatory continuing education topic?
a) Property management
b) Fair housing
c) Staging homes
d) Landscaping
Answer: b
Rationale: Fair housing is a mandatory continuing education topic under Arizona law.
8. What is the purpose of the Arizona real estate recovery fund?
a) To pay broker commissions
b) To reimburse victims of licensee misconduct
, c) To fund education programs
d) To insure properties
Answer: b
Rationale: The recovery fund compensates consumers harmed by licensed real estate
professionals’ violations.
9. Who contributes to the real estate recovery fund?
a) Buyers only
b) Sellers only
c) Licensees
d) The state treasury
Answer: c
Rationale: Licensed real estate professionals fund the recovery fund through licensing fees.
10. What is the maximum amount payable from the recovery fund per transaction?
a) $10,000
b) $20,000
c) $30,000
d) $50,000
Answer: c
Rationale: Arizona limits recovery fund payouts to $30,000 per transaction.
11. Which document must be provided to buyers at first substantive contact?
a) Purchase contract
b) Seller disclosure statement
c) Agency disclosure
d) Title commitment
Answer: c
Rationale: Arizona requires agency disclosure at first substantive contact.
12. What type of agency is most common in Arizona?
a) Universal agency
b) Single agency